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Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for

Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Lisa and Victoria would be recorded in:

Multiple Choice

  • A worksheet.
  • Lisa's general journal.
  • Victoria's general journal.
  • Victoria's secret consolidation journal.
  • The general journals of both companies.

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